NOT LISTED FOR SALE

448 Lafayette St Salem, MA 01970

South Salem Neighborhood

Estimated Value: $493,000 - $543,000

2 Beds
1 Bath
1,093 Sq Ft
9,583 Sq Ft Lot

Last Sold September 27, 2012

Last sale price $247,500 $226 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,138/month

124 Days on Market

About This Home

As of September 2012

Stunning Ocean Views from this 2 bedroom condo with yard, parking and 2 decks. The kitchen has granite counters & is open to the dining and living rooms. Completely new bathroom. French doors open to a side porch where you can watch the sun rise above the sailboats with your morning coffee. Hardwood floors throughout. Walking/bike path that runs to downtown Marblehead or Salem is located just outside your back yard. Close to parks, Salem State University and beaches.

Last Agent to Sell the Property

Jim Armstrong

Aluxety Listed on: 05/09/2012

Last Buyer's Agent

Susan Olson

MerryFox Realty

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,155

Year Built

1945

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Ground
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1945

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Public School, University, Swimming Pool, Golf Course, Bike Path
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Tile, Stone / Slate
  • Bedroom 2: First Floor, 12X12
  • Bathroom #1: First Floor
  • Kitchen: First Floor, 15X10
  • Laundry Room: Basement
  • Living Room: First Floor, 15X10
  • Master Bedroom: First Floor, 13X11
  • Master Bedroom Description: Hard Wood Floor
  • Dining Room: First Floor, 13X10

Exterior Features

  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Unit Features: Porch, Patio, Garden Area, Deck

Garage/Parking

  • Parking: Off-Street, Deeded
  • Parking Spaces: 2

Utilities

  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Oven, for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Condominium Name: 448 Lafayette St Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Landscaping, Snow Removal
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions (See Remarks)
  • No Units: 2
  • Unit Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2016
Sold by
Bonogofsky Elexa K and Higgins Niel
Bought by
Wilkens John and Mccauley Stacy
Current Estimated Value
$510,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Outstanding Balance
$222,380
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$278,482

Purchase Details

Closed on
Mar 12, 2010
Sold by
Flaherty Tracy and Rice Thomas
Bought by
Rice Thomas

Purchase Details

Closed on
Jul 31, 2008
Sold by
Read David C
Bought by
Rice Thomas and Flaherty Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1999
Sold by
Crocker Sandra A
Bought by
Read David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1992
Sold by
Gauthier Robert J and Gauthier Marilyn J
Bought by
Clewell Sandra A and Crocker Ronald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wilkens John $320,000 --
Rice Thomas -- --
Rice Thomas $495,000 --
Rice Thomas $495,000 --
Read David C $330,000 --
Clewell Sandra A $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkens John $272,000
Previous Owner Read David C $396,000
Previous Owner Rice Thomas $396,000
Previous Owner Read David C $264,000
Previous Owner Clewell Sandra A $193,500
Previous Owner Read David C $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2012 09/27/12 Sold $247,500 -4.8% $226 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
07/13/2012 07/13/12 Price Changed $259,900 -3.7% $238 / Sq Ft
06/28/2012 06/28/12 Price Changed $269,900 -1.8% $247 / Sq Ft
06/13/2012 06/13/12 Price Changed $274,900 -1.8% $252 / Sq Ft
05/30/2012 05/30/12 Price Changed $279,900 -1.8% $256 / Sq Ft
05/19/2012 05/19/12 Price Changed $284,900 0.0% $261 / Sq Ft
05/09/2012 05/09/12 For Sale $285,000 +0.5% $261 / Sq Ft
02/10/2012 02/10/12 Sold $283,500 -0.2% $237 / Sq Ft
10/25/2011 10/25/11 Pending -- -- --
10/13/2011 10/13/11 Price Changed $284,000 -0.3% $237 / Sq Ft
09/20/2011 09/20/11 Price Changed $284,900 -1.7% $238 / Sq Ft
08/09/2011 08/09/11 Price Changed $289,900 -6.5% $242 / Sq Ft
08/01/2011 08/01/11 Price Changed $309,900 -3.1% $259 / Sq Ft
07/05/2011 07/05/11 Price Changed $319,900 -3.0% $267 / Sq Ft
06/10/2011 06/10/11 For Sale $329,900 -- $276 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,155 $454,600 $0 $454,600
2024 $5,357 $461,000 $0 $461,000
2023 $5,205 $416,100 $0 $416,100
2022 $5,170 $390,200 $0 $390,200
2021 $5,080 $368,100 $0 $368,100
2020 $4,974 $344,200 $0 $344,200
2019 $4,720 $312,600 $0 $312,600
2018 $4,380 $284,800 $0 $284,800
2017 $4,295 $270,800 $0 $270,800
2016 $4,063 $259,300 $0 $259,300
2015 $4,066 $247,800 $0 $247,800
Source: Public Records

Agents Affiliated with this Home

  • Jim Armstrong

    Seller's Agent in 2012

    Jim Armstrong

    Aluxety

    (978) 394-6736

    5 in this area

    68 Total Sales

    Jim Armstrong
    Section Image

  • S

    Buyer's Agent in 2012

    Susan Olson

    MerryFox Realty

    (978) 902-1759

    6 Total Sales

    Susan Olson
    Section Image

  • B

    Buyer's Agent in 2012

    Brenda Greville

    Sagan Harborside Sotheby's International Realty

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71380224

MLS Property Information Network (MLS PIN)

APN: SALE-000031-000000-000213-000801-000801

Massachusetts Essex County Salem 01970 South Salem

448 Lafayette St, Salem, MA

This home is located at 448 Lafayette St, Salem, MA 01970 since 09 May 2012 and is currently estimated at $510,733, approximately $467 per square foot. This property was built in 1945. 448 Lafayette St is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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